It's an engineering mindset. The exact same mindset you use to design something is the one you can use to organize something, for it's all about "allocating matter" at the end, be it metal, be it resources.
One of the key aspects of a good engineering project is task division and cohesion: one team will design this section, another this one, etc. So it's not only the mindset needed to design a bolt but the mindset needed to think where it goes, who works with this next, what about costs? logistics? etc.
So, all what's needed to be efficient is already there. The key to efficiency is not about getting it but about not ruining it.
People was extremely efficient before, that's how extremely sophisticated planes and cars where designed with pencil and paper. The problem started when the MBA corporate culture began to corrode everything. A culture of accommodating people based on their self-perceived importance, not their usefulness.
So, Musk is simply getting back to basics. One of the reasons I admire him and trust him is that, with an MBA sub-culture already in place, it takes great humility to take yourself out of the way and let people work. The MBA sub-culture does the exact opposite out of ego and the never ending need to justify a job position that should not exist.
This "anit-MBA" policy (aka "rub no one's ego" policy) is perfectly summed up in is anti-handbook" manual.
Indeed. The thesis from The Sovereign Individual (written in 1996) is a useful reference, which I have stolen from @blocktock's summary here on SN:
Taxing capacity in Western economies will plunge by ~50-70 percent. This will tend to make smaller jurisdictions more successful.
Incomes will become more unequal within jurisdictions and more equal between them.
Unlike the Agricultural Revolution, the Information Revolution will not take millennia to do its work. It will happen almost everywhere at once.
Technical and economic innovations will no longer be confined to small portions of the globe. The transformation will be all but universal.
The cybereconomy, rather than China, could well be the greatest economic phenomenon.
The Information Age will be the age of upward mobility. It will afford far more equal opportunity for the billions of humans in parts of the world that never shared fully in the prosperity of industrial society.
Those who live in jurisdictions that remained poor or underdeveloped during the industrial period have the most to gain by the liberation of economies from the confines of geography. This is contrary to what you will hear.
Jurisdictions in Latin America and Asia where per capita income is rising rapidly may endure for generations, or until lifetime income prospects there equate with those in the formerly rich industrial countries.
Vallis is really smart and thoughtful and articulate, I wish he did more stuff. The pod with him, Gigi, and a couple others (I think it was this one?) orange-pilling Jordan Peterson on btc was a real high point in intelligent btc discussion. I don't agree with all his takes, but he's an archetypical bitcoiner in the good ways.
I'm looking forward to listening to this and unraveling the mystery that is @k00b.
ZH comment sections are always a dumpster fire, but they go full nuclear meltdown whenever Bitcoin is mentioned. That site is infested with salty gold bugs.
As a UK citizen I can't say this interests me too much. I have some wealth locked up in pension schemes that I cannot access for a few decades, which I currently allocate to Bitcoin adjacent stocks (MSTR, miners). I guess I would prefer something like a spot ETF? Perhaps this is a stepping stone towards that.
Really though, if the UK wants to be seem as a Bitcoin-friendly hub, then it first needs to allow bitcoin.org to distribute Bitcoin Core to citizens and stop enabling CSW's nonsense. It also needs to lift the ban on Bitcoin ATMs.
nice job, i successfully sent and received using lnbits over tor 🤙
It's an engineering mindset. The exact same mindset you use to design something is the one you can use to organize something, for it's all about "allocating matter" at the end, be it metal, be it resources.
One of the key aspects of a good engineering project is task division and cohesion: one team will design this section, another this one, etc. So it's not only the mindset needed to design a bolt but the mindset needed to think where it goes, who works with this next, what about costs? logistics? etc.
So, all what's needed to be efficient is already there. The key to efficiency is not about getting it but about not ruining it.
The key to his success is thus in this phrase: Too many MBAs ruining companies
People was extremely efficient before, that's how extremely sophisticated planes and cars where designed with pencil and paper. The problem started when the MBA corporate culture began to corrode everything. A culture of accommodating people based on their self-perceived importance, not their usefulness.
So, Musk is simply getting back to basics. One of the reasons I admire him and trust him is that, with an MBA sub-culture already in place, it takes great humility to take yourself out of the way and let people work. The MBA sub-culture does the exact opposite out of ego and the never ending need to justify a job position that should not exist.
This "anit-MBA" policy (aka "rub no one's ego" policy) is perfectly summed up in is anti-handbook" manual.
Indeed. The thesis from The Sovereign Individual (written in 1996) is a useful reference, which I have stolen from @blocktock's summary here on SN:
In Canada, Santa's postal code is H0H 0H0.
Day 130 of snailposting everyday 'til BTC hits $100k.
__@_'-'
Thanks Tony!
100% we’ve taken what we saw and learned on the ground and built this out with all of that in mind.
Looking forward to chatting! Awesome release by you guys today as well. Loving the progress.
SN works fantastically well with other lightning wallets/sites.
It has made me use lightning way more than before, and it just feels great.
SN is like a new type of website, a lightning native one.
Vallis is really smart and thoughtful and articulate, I wish he did more stuff. The pod with him, Gigi, and a couple others (I think it was this one?) orange-pilling Jordan Peterson on btc was a real high point in intelligent btc discussion. I don't agree with all his takes, but he's an archetypical bitcoiner in the good ways.
I'm looking forward to listening to this and unraveling the mystery that is @k00b.
docker vlc, trying to converge IP cams streams. It's fun, formats and conversions are just crazy, I just wish we could all agree on something...
ZH comment sections are always a dumpster fire, but they go full nuclear meltdown whenever Bitcoin is mentioned. That site is infested with salty gold bugs.
As a UK citizen I can't say this interests me too much. I have some wealth locked up in pension schemes that I cannot access for a few decades, which I currently allocate to Bitcoin adjacent stocks (MSTR, miners). I guess I would prefer something like a spot ETF? Perhaps this is a stepping stone towards that.
Really though, if the UK wants to be seem as a Bitcoin-friendly hub, then it first needs to allow bitcoin.org to distribute Bitcoin Core to citizens and stop enabling CSW's nonsense. It also needs to lift the ban on Bitcoin ATMs.